Knowledge Base
Buying & Selling Bitcoin
What are my account limits?
Once your personal information has been verified by River Financial, you will be able to link your bank account and begin buying and selling bitcoin. However, you are unable to deposit and withdraw bitcoin until you have provided ID Verification.
What fees does River Financial charge for buy and sell orders?
In addition to a spread, we charge a River Fee which is either a flat or percentage based fee depending on the order size. The fee schedule for the River Fee for both buy and sell orders is listed below.
After I sell bitcoin, how long does it take to get USD credited to my bank account?
When using bank transfers, the ACH bank transfer system is used for credits to your bank account. When you place a sell order, your funds will be credited into your linked bank account in approximately 1 to 3 business days.
When I buy bitcoin, how long does it take to get the USD debited from my bank account?
When using bank transfers, the ACH bank transfer system is used for debits from your bank account. When you place a buy order, your funds will be debited from your linked bank account in approximately 1 to 3 business days.
Where does River get its exchange rate for Bitcoin?
We use a variety of sources for the exchange rate including U.S. based exchanges, exchange aggregators, and OTC desks.
What payment methods can I use to buy bitcoin?
River currently uses the Automated Clearing House (ACH) Network for electronic funds transfers.